Alabama Code > Title 23 > Chapter 1 > Article 9 > Division 1


§ 23-1-220	Short title
§ 23-1-221	Purpose of division
§ 23-1-222	Authority of Director of Transportation to acquire land
§ 23-1-223	Interest in acquired land; manner of acquisition

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Probate: Proving a will
property: includes both real and personal property. See Alabama Code 1-1-1

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